Real Estate Investing in Raleigh, North Carolina (27617)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27617 (Raleigh, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
What’s happening in Raleigh, NC (27617)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27617 Raleigh
This part of Wake County is not an easy win. The 27617 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $440K asset, 27617 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 27617 sits on the difficult end of the NC spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 27617 ZIP's population of 20,012 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 27617 is an operator game, not a passive one. On balance, entry prices of $440K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Raleigh:
Property Strategy for 27617
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $308,107 | $2,010 | 4.7% | +6.4% | $154,054 |
| 3BR | $419,755 | $2,520 | 4.3% | +6.5% | $139,918 |
| 4BR | $542,200 | $3,360 | 4.5% | +7.6% | $135,550 |
| 5BR | $985,709 | — | — | +8.2% | $197,142 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27617 Compare?
| Metric | 27617 | Raleigh | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $440,367 | $469,319 | N/A | $330,565 |
| 5-Year CAGR | 3.8% | 4.5% | N/A | 7.8% |
| Avg Rent | $1,513 | $1,618 | N/A | - |
| Cap Rate | 2.7% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27617 (Raleigh, NC). Anonymous, moderated, never written by AI.
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Property managers serving Wake County
Manage rentals here? List your business →Fox Rental Management is a licensed Real Estate Broker and Property Management Company serving Clayton & Raleigh, NC, specializing in residential management. summary from their website
RPM Property Pros is a full-service property management company in North Carolina specializing in commercial property and association management. summary from their website
Bottom Line Property Management offers property management services in Charlotte and Raleigh, focusing on maximizing owner investments. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $440,367 |
| Monthly Rent | $1,513 |
| Price-to-Rent | 24.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +0.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27617
Population: 20,012
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 27617
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,232 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Raleigh, NC?
The median home value in Raleigh, NC is roughly $440K. That puts it reasonable relative to the NC statewide average.
How strong is tenant demand in Raleigh, NC?
Tenant demand in Raleigh, NC is solid. The local workforce $1,513/mo rents across most rental classes.
What approach is best for Raleigh, NC real estate?
Most investors in Raleigh, NC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Can I live-in-and-rent in Raleigh, NC?
House hacking in Raleigh, NC is reasonable to execute. Prices around $440K and rents of $1,513/mo solid owner-occupant economics.
Should investors worry about vacancy in Raleigh, NC?
Expect elevated vacancy in Raleigh, NC. Rents at $1,513/mo are absorbed by the tenant base without meaningful lag.
You know 27617 now. You don’t know where it ranks.
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How 27617 ranks in Raleigh-Cary, NC
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